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Detail of GEF Project #570

GEF Project ID570
Funding SourceGEF Trust Fund
Project NameEnergy Efficiency Market Development
CountryCote d'Ivoire
Focal AreaClimate Change
Operational Program5
Approval Date1998-07-24
GEF Agency Approval Date1999-04-01
Project Completion Date2004-06-30
Project StatusProject Closure
GEF AgencyWorld Bank
Executing AgencyFIDI
DescriptionThe project will help to overcome key market barriers preventing the introduction of demand side energy management services (ESCOs) in Cote d'Ivoire and other West African countries. These are lack of experience in designing and managing energy service companies, perceived risks associated with investments in industrial energy efficiency services throughout West Africa. It is estimated that the establishment of a viable commercial market for energy efficiency services in Cote d'Ivoire alone will lead to total savings in carbon emissions of about 80,000 tonnes over the next decade.
Implementation StatusThe project has reduced the energy costs for the industrial and tertiary sectors, and mitigated energy sector impact on local and global environment. At least two ESEs out of four that were created will be operational on a sustainable basis after the completion of the project; (ii) clients served will reduce their energy consumption (400,000 MWh saved/year); (iii) reduction of carbon emission (over 8,000 tons of carbon saved/year) due to the local end-users and public utilities; and (iv) the private financial sector will be willing to offer financing possibilities to the created ESEs to assure sustainability. ICR expected in December 2003.
GEF Project Grant
695,000 USD
GEF Grant
695,000 USD
Cofinancing Total
265,000 USD
Project Cost
960,000 USD
Project Documents

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